Farmers Tobacco Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1894
Location: Fulton, Kentucky (36.504, -88.874)

Metadata

Model: gpt-5-mini
Short Digest: 5e0279dc

Response Measures

None

Description

Article (The Hickman Courier, 1894-05-11) states the Farmers Tobacco Bank held a stockholders' meeting May 1 and decided to 'close business' and 'gone into liquidation' because it was not making much money; it reportedly had more than enough on hand to pay deposits. No run reported. Classified as suspension leading to permanent closure/liquidation (voluntary).

Events (1)

1. May 1, 1894 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders voted to liquidate and close the bank due to insufficient profitability despite having funds to pay deposits; decision made at May 1 meeting to wind up affairs.
Newspaper Excerpt: The Farmers Tobacco Bank has gone into liquidation. A stockholders meeting was held May 1st and after but little discussion a large majority of the stock voted to close business.
Source: newspapers

Newspaper Articles (1)

1. May 11, 1894 The Hickman Courier Hickman, KY

Article from The Hickman Courier, May 11, 1894

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Article Text

Culled from Our Exchanges. -The Clinton Democrat says Rev. A. S. Pettie, of Mayfield, has been called by the Clinton Baptist church to the pastorate there. -The town of Vereailles has passed H strong tramp ordinance. It is made a flue of $25 to beg on the streets of that town for money or clothing. -Cattle thieves the Paducab Standard has been informed, are operating in this part of the state. Several farmers have lost cattle mysteriously within the past few days. -Mrs. G'd Binford, a daughter of Mr. George Kendall, died Sunday morning at her home near Rock Springs, of consumption. She was about 18 years old.Olinton Democrat. -The grmy worms have made their appearance in large numhere in this county, and fears are apprehended that they will do much damage to the wheat crop. -Newbern Tennessean. -Mr. Logan Card. editor of the Murray Ledger died at his home in urray last Friday of heart failare, aged about 32 years. He WHS a good man. and had a host of friends throughout Western Kentucky. -The Marvin College, Clinton, Ky., furnishes an interesting calendar, 1893 1894. to run from May 11 to 16, inclusive. and to close with essays by graduating class delivery of diplomas and annual concert on the latter date. -In spite of the gloomy out. look for the wheat erop some weeks ago, when the frosts and freezes seemed to have combined to exterminate it, the farmers now say the erop never looked more promising at this time of the year before.-Clinton Democrat. -Will Adams and Miss Vinnie Adkinson were married at Ful. ton last Monday night. This is the couple that had a bogus marriage ceremony performed a short time ago, just to fool a number of triends who had accompanied -Sem to Union City under Life belief that the marriage was a bona fide one.-Mayfield Mirror. -The noted Mayfield Creek bridge train robbery trial is over 80 far as the supposed leader. OBrian is concerned. A Ballard county jury cleared him last Wednesday, notwithstanding the proof against him was so strong. It has been predicted, on what seems to he good grounds, that Breckenridge will be cleared, and that Brown will be sent to the penitentiary for telling on OBrian and Breckenridge.-Ba Star. -White cape again visited sev. eral persons on the lake in the vieinity of Idlewild and Samberg Sundav night. The white caps, who claimed to be from this place, charged several men with stealing and notified them to leave the country. The names of the persons visited could not be learned. One of them. it is said, stated that were 150 men in the gang and that they all rode white horses.-Obion Democrat. -The Farmers Tobacco Bank has gone into liquidation. A stockholders meeting was beld May 1st and after but little diecussion a large majority of the stock Noted to close business. The decision was brought about by the fact that the bank was not making much money, and as at the present time it has on band more than enough money to pay its deposits, the opportunity to wind up its affairs was taken.Fultonian. -Thetown of Salem, in Livingston county, appears to be under A the ban of an incendiary clan. man named W. O. Parker was ar. rested for counterfeiting and since that the post-office and three or four merchants and elti. zens have been treated in the same way or attempts made upon them. The impression is it is Parker's friends doing it and there is a panicly feeling over the matters Extra vigilance and guard force i being employed in consequence.-Paducah Standard. IT le a pleasure to know that our congressman, Hon. W. J. Stone, is 80 much admired throughout the State. We notice articles frequently in various of the State voluntarily com. mending bis sterling worth and earnest and faithful devotion to bis duty at Washington. This is what the people want. Stone is not one of those brilliant orators whose meteorio eloquence flashes across the country once in a while, dazzles a moment, and then lapses into darkness, while the author of it is skylarking around the country and neglecting the routine work of his duty; Stone is not that kind, but he is better. He staye there and attends to business all the time. He is persistant and faithful; and at the end accomplishes more than the sparty orator who is famous only for his empty words -Mavfield